Active
3615 N Wilton Avenue
Chicago IL, 60613
$3,900,000
$458.34 per sqft
Active
8,509 sqft
Multi-family
Built in 2024
Courtesy of Compass
TOTAL Gut Rehab/New Construction All-Brick 5-Unit Building in Prime East Lakeview! Each expansive, condo-quality unit is crafted with designer finishes and showcases a modern, open-concept floor plan that makes an impression. Key Features: * Spacious Condo-Quality Units: Generous floor plans with high ceilings, abundant natural light, and sleek hardwood floors throughout, including common areas. * Perfect for Roommates: Each bedroom is equally sized, comfortably fitting a queen bed and dresser. * Gourmet Kitchen & Designer Finishes: Modern and stylish kitchens open into bright, airy living spaces, perfect for entertaining. * Luxurious Conveniences: Full-size front load washer/dryer in every unit, central A/C, individual furnaces, and a security intercom system for peace of mind. * Outdoor Living: Enjoy multiple outdoor spaces to soak in the city vibes. Rent Roll/Financials: 5,600 = 4 bed / 3 bath garden #G, 6,000 = 4 bed / 3 simplex #1, 6,200 = 4 bed / 3 bath simplex #2, 6,200 = 4 bed / 3 bath simplex #3, 5,000 = 3 bed / 3 bath penthouse #4, 700 = 3 Parking Spaces (rented 2 for 350 each), 29,700 = Monthly Rent, 6,650 = Annual Move-In Fees, TOTAL Annual Rental Income = 363,050, TOTAL Annual Operating Expenses = 73,445, NOI (prior to debt service) = 289,605, GRM = 10.9, CAP RATE = 7.4 Location Perks: Nestled in vibrant East Lakeview, you're walking distance to the lakefront, CTA Red Line, and all the restaurants, cafes, and entertainment that make this area one of Chicago's most desirable neighborhoods. Don't miss this rare investment opportunity-ideal for 1031 exchanges or any buyer looking for a great return on on their investment! You will not find anything else like this on on the market!!! Agent interest.
12185568
MLSⓇ ID
October 28, 2024
Listed
November 3, 2024
Updated
Map
3615 N Wilton Avenue
Chicago IL, 60613
Interior Features
Total Stories
5
Fireplace
No
Cooling
Yes
Cooling Description
Central Air, Central Individual
Heating
No
Exterior/Building Features
Lot Size
0.07 Acres
Other Property Details
Area Name
CHI - Lake View
Taxes
$26,374
Tax Frequency
Annually
Days on Market
7
Garage
No
View
No
County
Cook
Municipality
Lake View
Pool
No
Zoning
MULTI
Courtesy of Compass, Dusanka Verschuur,
Listing Contact: 312-953-3570
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Data last updated 5:44 AM UTC, 11/3/2024